News
Catch up on the latest real estate news, updates, and development stories from African markets.
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The World Bank's IFC is providing long-term financing to Ghanaian developer PLP Properties for a 170-room Hampton by Hilton near Accra's international airport, a project expected to support almost 1,000 jobs.
The University of Cape Coast has signed a memorandum of understanding with GSC Property Investment for a US$500 million student accommodation project comprising 28 hostel blocks under a public-private partnership.
Zimbabwean developer WestProp Holdings has begun civil works on Chivhu EcoCity, a 5,000-hectare mixed-use development planned for 20,000 homes and up to 80,000 residents.
Addoha, Alliances and Residences Dar Saada raised combined first-half revenue by nearly 8.5% to more than 3 billion dirhams, driven by state housing subsidies and resettlement programmes, even as the sector's stock index fell.
SBM Bank Kenya has partnered with developer Fusion Estates to offer homebuyers mortgage financing of up to 90 per cent of property value, aiming to cut the upfront deposit for buyers in Kenya and the diaspora.
Interior Principal Secretary Raymond Omollo says the Kitengela Modern Market in Kajiado County is being built as a 24-hour retail facility for up to 2,500 traders, funded through the State Department for Housing and Urban Planning.
Professor Timothy Nubi of the University of Lagos says Nigeria's housing policy should be measured by whether communities stay affordable and resilient, not by the number of units built.
Experts at the Architectural Association of Kenya's 2026 convention warn that Kenyan towns are growing faster than the systems serving them, as audit data shows only 43 per cent of 1,333 buildings reviewed were certified completely safe.
Republic Bank (Ghana) PLC is aiming to lift its share of Ghana's mortgage market to between 40 and 42 per cent by the end of 2026, up from more than 38 per cent now.